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Bloks Group Limited ( (HK:0325) ) has shared an update.
Bloks Group Limited, a company incorporated in the Cayman Islands, has announced a voluntary share repurchase plan. The plan will run until December 31, 2025, and will be funded by the company’s existing cash reserves and free cash flow. The repurchased shares will be used for employee equity incentive schemes. This move reflects the board’s confidence in the company’s long-term prospects and is considered to be in the best interests of the company and its shareholders. However, the execution of the plan will depend on market conditions and the board’s discretion.
The most recent analyst rating on (HK:0325) stock is a Hold with a HK$97.00 price target. To see the full list of analyst forecasts on Bloks Group Limited stock, see the HK:0325 Stock Forecast page.
More about Bloks Group Limited
Average Trading Volume: 1,882,061
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$25.32B
For an in-depth examination of 0325 stock, go to TipRanks’ Overview page.